Convenience Bee — China’s first truly successful digital convenience store chain?
Convenience Bee says it is already profitable with more than 2,000 unmanned stores all over China. But can it raise enough cash to fund its ambitious expansion plans?
Business & Technology
Chinese companies going global. Global companies capitalizing on the size and growth of the China market. State-owned enterprises. Policy-based state investment. Startup unicorns with Chinese characteristics. There is no shortage of business stories to tell in China.
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U.S. to issue risky business warning for Hong Kong
The U.S. is expected to issue its first business advisory for Hong Kong, warning of risks including data or assets being seized by Beijing, the Financial Times reported. The U.S. worries about data security follow a flurry of moves by Beijing exerting data sovereignty.
Didi debacle highlights weaknesses in regulatory coordination, but it’s not decoupling
Chinese regulators' moves against car-hailing giant Didi six days after its IPO have confirmed the worst fears of some observers about the direction of U.S.-China financial ties. But while Chinese company listings on American markets now face significant obstacles, boatloads of money will continue to flow, both ways, across the Pacific.
Hong Kong: Brace for incoming!
A veteran observer of Hong Kong’s financial markets argues that the Chinese government’s moves this week against newly listed ride-hailing giant Didi Chuxing augur a Great Financial Decoupling that will hit Hong Kong hard.
Did China take another step to financial decoupling with new VIE rules?
Changes to rules that affect Chinese companies that issue shares abroad could spell a slowdown for IPOs and change the way China’s booming tech sectors raises money.
Didi drops 20% after IPO as Beijing tightens data security review
Chinese cybersecurity regulators launched investigations of three companies that had recently listed in the U.S., hinting at concerns that their data could fall into foreign hands. Beijing also said that it would “consolidate the information security responsibilities of overseas listed companies.”
Does plant-based meat have a future in China?
Beyond Meat and Impossible Foods are in China, competing against a number of ambitious Chinese startups that make plant-based meats. But marketing food products to a nation of gourmets is tricky.
Behind the success of Chicecream, China’s signature ice cream brand
Chicecream is an unashamedly expensive, proudly Chinese premium ice cream brand. And its hard-charging, tech-savvy CEO is eyeing the rest of the space in Chinese people’s home fridges.
China’s private cryptocurrency sector effectively quashed after Sichuan mining ban, bank trading blocks
China’s crackdown on cryptocurrency mining has now shut down more than 90% of the country’s bitcoin production capacity, after a ban on mining in hydropower-rich Sichuan was put in place over the weekend. Additionally, the central bank moved to close remaining loopholes that allowed “cryptocurrency speculation.”